The Australian Taxation Office (ATO) is flexing its regulatory muscles by reminding SMSF trustees and auditors to consider diversification and liquidity risks in their SMSF investments. 17,700 SMSFs received ATO’s letter The office wrote to 17,700– or 3 …
ReadWhat happens if you get a positive cash flow investment and you’re a high-income earner and vice versa, and what positive gearing strategies can you employ? Sarah Megginson, editor of Your Investment Property magazine, invited Ed Chan, Chan …
ReadAs certain as death will come to everyone of us, death benefit tax can apply to your Self Managed Super Fund. In Australia, the inheritance tax was abolished in 1979, but when it comes to superannuation, recipients of your super death benefits …
ReadOne of the most common mistakes made by property investors when completing their annual tax return is confusing repairs, maintenance, and improvements. It’s important to understand and distinguish each deduction in order to correctly lodge your claim and …
ReadOne of the significant benefits of a Self Managed Superannuation Fund (SMSF) is the ability that a member has to put in place a range of directions concerning the distribution of their superannuation benefits on their death, with …
ReadThe housing bubble, fuelled by low-interest rates, buyers’ exuberance, and investors’ speculation, among others, is something this government might have to deal with soon. Because the Reserve Bank of Australia (RBA) missed its inflation target, it is going to be …
ReadWe looked at important considerations in buying a house and came up with 6 critical questions you should ask yourself before you commit to buy a house this year. Let’s dive in! 1. Can you afford the mortgage? …
ReadEver wondered if you have to pay tax on lottery winnings? Well, guess what, if you win tomorrow’s mind-blowing $100M Powerball draw, you can have all the winnings to yourself! Yay! According to the Australian Taxation Office (ATO), …
ReadThe brisk growth of the property market has stunned most everyone and proved economists wrong. Economists have cautioned that Australia’s slow economy will continue and told us to expect house prices to fall until the year is out. They said house prices …
ReadMelbourne and Sydney auction clearance rates on Saturday recorded a preliminary rate of 76 per cent and 80 per cent respectively for Melbourne and Sydney property. The sales are similar to sale results documented during the five-year housing boom …
ReadIn 2016, I said that once the millennials (born between 1981 to 1996 or aged 22 to 37) came of age (had jobs and started to buy cars, houses, furniture, and started a family, etc.) the economy and …
ReadAustralia’s current experimental monetary policy indicates the RBA is going to push the cash rate to 0.5 per cent by early next year. If you’re wondering why and if whether that means we’re facing economic crisis, the RBA …
ReadSydney and Melbourne aren’t waiting for another cash rate cuts to boost its property market. Experts predict these cities are poised for growth and will achieve at least two digits house property price increase early next year. So, if you’re thinking of …
ReadAustralians are feeling more optimistic about buying a home than they were this time last year, new research has found. Westpac’s Housing Sentiment survey revealed that more than half (51 per cent) of those surveyed are feeling more confident about …
ReadFears of a US recession were ignited after the US-China trade war shook up global stock markets, including the ASX which saw $60 billion wiped from the local bourse last Thursday. While economists don’t predict this on the cards, …
ReadThe long-awaited stabilisation of new homes in the market is on the horizon, the Housing Industry Association (HIA) says. According to the HIA’s quarterly economic and industry outlook, there is evidence the market is heading towards a point where the …
ReadBefore you say I do, there is one thing the ATO wants to make sure you understand: you can’t claim tax deductions on your wedding. Recently, the Australian Taxation Office (ATO) revealed that it has received some of the weirdest claims …
ReadAustralian Baby Boomers have it easier when it comes to income taxes, new data shows. Working-age Australians are underwriting government services today much more than Baby Boomers did for their parents back then. Older Australians pay less tax than the younger generation even on the same income. The …
ReadMaitland’s fast-growing infrastructure is fueling interest from property investors. Affordable housing, lifestyle benefits, employment opportunities and rapid enhancements to infrastructure contribute to DPN recognising Maitland as a hotspot for investors. The Hunter Valley is already the largest regional …
ReadBitcoin and other forms of cryptocurrency are historically not regulated by a central bank or a government. In recent years, however, governments around the world, Australia included, started regulating digital currency. The Australian Taxation Office has started applying taxation laws to cryptocurrency. Below is …
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